The U.S. Dollar Index is getting a little weaker, which should help commodities some. But I wouldn’t put too much faith in crude oil just yet…
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Stocks on Sale? Not So Fast: Why ‘Bottom Picking’ Could Be Costly on Quad Witching Day
Stocks are down big across the board heading into the final trading day to close out a tumultuous week before the Christmas holiday.
VIX Soars 75% in Wednesday Bloodbath. Is the Meltdown Just Beginning?
Wednesday ended in an absolute bloodbath following the latest rate cut from the Federal Reserve.
Equal-Weight Stocks Are Finally Leading the Charge Over the Mag 7 Ahead of FOMC
We’re seeing more broad participation in the rally from the S&P 500 Equal Weight ETF (RSP).
Magnificent 7 Rising While the Rest Lag: Is the Market Running Out of Gas?
Markets are not firing on all cylinders right now ahead of next week’s Christmas holiday.
A Rate Cut, Important Fed Data and Quad Witching Are All on Deck This Week
Institutional traders aren’t going to make any big bets ahead of Wednesday’s 2 p.m. rate cut announcement.
Why Friday’s Strong Premarket Outlook Could Be Setting Up for a Major Rug Pull
The number of stocks above their 50-day moving averages is less than 50% in the S&P 500, and just 54% of the Nasdaq 100 (QQQ).
PPI Pain: Higher Producer Costs Are Sending Stocks Lower Thursday
Year over year, PPI came in at 3.0% vs. expectations of 2.6%. Excluding more volatile food and energy prices, the number came in at 3.4% vs. expectations of 3.2%.
CPI Inflation Data Comes in at Expectations, Sending Stocks Higher
We also have an earnings report from Adobe (ADBE), which reports after the close.
Close Out the Year on a Strong Note With These Top, Bottom Sectors
The Consumer Discretionary sector (XLY) has been on a tear, up about 25% the past three months.